Fannie Mae (FNMA)

[justradin]

It's absolutely insane. How many of these Federal Home Loan banks are tied in?

Silvergate is about to go lights out. Signature Bank is in the same boat with 120 billion on the books I believe. At least 20ish something billion of capital tied up in crypto, which from what Im seeing, 4 out of 5 of their institutional owners will be forced to sell if something untoward is reported.

FDIC gets to take the bullet apparently.... This stuff is unreal.

$SI Interesting from @kateberry1 about implications of Silvergate tapping the Federal Home Loan Bank for $4.3B. FHLB designed to support housing but now propping up crypto bank frequented by criminals. "The $4.3 billion is clearly at risk and leaves the FDIC holding the bag". https://t.co/H6VMAgD12M pic.twitter.com/9daCzUVijd

— AV (@AureliusValue) January 10, 2023